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Town Centre Retail Parade Investment, Caroline Street, Bridgend, CF31 1DN

2,298 to 26,725 Sq Ft / Retail / Investment

For Sale - £185,000.00

Available - Last updated: 23 November 2021

A well established Town Centre Retail Parade Investment.

Substantial retail parade currently arranged as six shops, each providing ground floor retail accommodation together with first-floor ancillary. With service yard to the rear.

Comprising of six-well configured retail units & fully let.

Modern building in prominent Town Centre location, opposite Rhiw Shopping Centre/Indoor Market.

(X6) Retail shops for sale: (Available to purchase separately or as a whole)

Location

The property is located in Bridgend, a prominent town centre on the north side of Caroline Street. Situated opposite the main entrance to Rhiw Shopping Centre and indoor market. Located in South Wales, circa 21 miles west of Cardiff & 24 miles south-east of Swansea.

21 miles west of Cardiff.

24 miles south-east of Swansea.

Roads:
A406, M4

Air:
Cardiff Airport

Rail:
Bridgend

Accommodation

From 2,298 - 26,725 sq ft (please see below for individual units and their size)

Terms

VAT- VAT is applicable to this lot.

EPC- See legal pack (Various).

Tenure- Long Leasehold.

Plus Service Charge

1) Subway fast food restaurant franchise. (Unit 3)
Price: £185,000
Area: Ground floor retail: 102.29 sq m (1101 sq ft) First-floor ancillary: 97.18 sq m (1046 sq ft)
Rental: £13,000 per annum.
Term: 10 years from 08/09/2019 until - 07/09/2029 - Reviews: 08/092024

1) Previously Mulligan Community Centre a charity started in 2014. (Unit 1-1a) (Under offer)
Price: £185,000
Area: Ground floor retail: 91.60 sq m (986 sq ft) First-floor ancillary: 103.68 sq m (1116 sq ft)
Rental: Potential £13,000+ per annum.
Term: Vacant

3) British Heart Foundation was founded in 1961 and operates from over 700 stores. (Unit 3a)
Price: £180,000
Area: Ground Retail: 104.33 sq m (1123 sq ft) First Ancillary: 109.16 sq m (1175 sq ft)
Rental: £15,000 per annum.
Term: 5 years from 24/03/2017 until - 23/03/2022

4) Halifax - hbos currently has around 1000 Halifax branches and 300 Bank of Scotland branches nationwide. (Unit 4-5)
Price: £800,000
Area: Ground Retail: 283.35 sq m (3,050 sq ft) First Ancillary: 173.82 sq m (1,871 sq ft)
Rental: £105,000 per annum.
Term:15 years from 18/06/2007 until - 17/06/2022

5) New Look - British global fashion retailer with a chain of high street shops. It was founded in 1969. (Unit 7-7a)
Price: £400,000
Area: Ground Retail: 434.97 sq m (4,682 sq ft) First Ancillary: 321.16 sq m (3,457 sq ft)
Rental: 3% turnover rent
Term: 5 years from 13/12/2019 until - 12/12/2024

6) Sue Ryder was founded in 1953 and operates from over 400 shops across the UK. (Unit 9)
Price: £395,000
Area: Ground floor retail: 306.02 sq m (3294 sq ft) First-floor ancillary: 355.26 sq m (3824 sq ft)
Rental: £25,943 per annum.
Term: 10 years from 08/07/2019 until - 07/07/2029 - Reviews: 08/07/2024

Total space, all 6 shops: 2,482.82 sq m (26,725 sq ft)
Total rent potential: £193,885 p/a

*Property availability may be subject to change, please call our office to verify before proceeding with your enquiry or arranging a viewing. Unit sizes listed are approximate and price may vary, dependent on size or location of the units within the parade.

Property descriptions and related information displayed on this page are marketing materials provided by Ivy Business centre Ltd

Misrepresentation Act 1967 Ivy Business centre Ltd for themselves, for any joint agents and for the vendors or lessors of this property whose agents they give notice that: 1: The details contained within these particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. 2: All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to each of them 3: No person in the employment of Ivy Business centre Ltd or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. 4: All rentals and prices are quoted exclusive of VAT. *Unit sizes listed are approximate.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Subway (Unit 3) For Sale Leasehold £185,000.00 NA
Previously Mulligan Community Centre (Unit 1-1a) For Sale Leasehold £185,000.00 NA
British Heart Foundation (Unit 3a) For Sale Leasehold £180,000.00 NA
Halifax (Unit 4-5) For Sale Leasehold £800,000.00 NA
New Look (Unit 7-7a) For Sale Leasehold £400,000.00 NA
Sue Ryder (Unit 9) For Sale Leasehold £395,000.00 NA

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Ivy Business Centre

Ivy Business Centre Ltd

0161 401 1369



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